Question
Consider the following statements with reference to
Mansabdari system: 1. It was an administrative system responsible for looking after the civil and military affairs of the state. 2. It was introduced in India by Akbar. 3. Mansabdars were paid in the form of assignments of areas of land (jagir). Which of the statement given above is/are correct?ÂSolution
Mansabdari was a system of army and civil services introduced by Akbar. It is a military cumbureaucratic apparatus which was responsible for looking after the civil and military affairs of the state. Hence, statements 1 and 2 are correct. Mansabdars received their salaries as revenue assignments called jagirs. Some mansabdars were paid in cash (naqdi), while the majority of them were paid through assignments of revenue (jagirs) in different regions of the empire. They were transferred periodically. Hence, statement 3 is correct.
During audit of XYZ Ltd., the auditor noted that the management concealed certain pending litigations that could affect profitability. However, the CFO ...
Who is primarily responsible for preventing and detecting frauds in an organisation?
As per SA 500, the reliability of audit evidence is increased when it is:
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Which of the following is an example of a "Test of Control" in an audit?
The risk that an auditor's procedures will fail to detect a material misstatement is known as:
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
Suppose an NPO receives a donation of $10,000 from a donor. The entry to record this transaction would be as follows?
The risk that the internal control system will fail to prevent or detect a material misstatement is:
Which of the following is an example of an "Inherent Risk" factor?